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Shares of Vertex Pharmaceuticals (NASDAQ:VRTX) have earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Analyst Ratings reports. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $102.82.

A number of research firms have recently commented on VRTX. Analysts at Zacks reiterated a “neutral” rating on shares of Vertex Pharmaceuticals in a research note on Thursday, July 31st. They now have a $97.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Vertex Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, analysts at Oppenheimer downgraded shares of Vertex Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Monday, July 7th.

Vertex Pharmaceuticals (NASDAQ:VRTX) opened at 91.76 on Tuesday. Vertex Pharmaceuticals has a 52 week low of $58.06 and a 52 week high of $99.74. The stock’s 50-day moving average is $92.5 and its 200-day moving average is $79.01. The company’s market cap is $21.846 billion.

Vertex Pharmaceuticals (NASDAQ:VRTX) last released its earnings data on Tuesday, July 29th. The company reported ($0.61) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.71) by $0.10. The company had revenue of $138.42 million for the quarter, compared to the consensus estimate of $131.85 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 55.5% on a year-over-year basis. Analysts expect that Vertex Pharmaceuticals will post $-2.90 EPS for the current fiscal year.

In other Vertex Pharmaceuticals news, Director Joshua S. Boger unloaded 5,200 shares of Vertex Pharmaceuticals stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $91.51, for a total transaction of $475,852.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is in the business of discovering, developing, manufacturing and commercializing small molecule drugs for the treatment of serious diseases.

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